Thursday, September 09, 2010

Ron Paul

At his best.Paul's analysis of conflict is so straightforward and intuitive that I am surprised that my peace loving friends don't support him more. Maybe his approach is too bold for most people. Sure, it might work, but we prefer incremental change.

At his worst.Even at his worst, it is not immediately obvious that he's wrong. The Federal reserve is an institution that few people understand. I think Paul's proposal is worth discussion if for no other reason than to educate people about the role of the Fed and to get people thinking about how we can improve the monetary system. Given the clear sub-optimality of every other major facet of our government, what are the chances that the monetary policy section does not have room for improvement?